Asked • 6d

Is there a difference between managerial accounting and financial accounting?

In many universities and schools, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an investor, while Managerial Accounting covers accounting from the perspective of a business manager. Is there really a difference, or is the distinction more of a subjective standpoint?

1 Expert Answer

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Betty K. answered • 4d

Accountant, passed CPA exam, big 4 experience

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